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Stay or Roll Over? What to Do With Your Old Retirement Accounts

Having your retirement portfolio in one place can make it easier to track performance, ensure proper asset allocation, and make changes. How many retirement accounts do you have? If you’ve changed jobs a few times over the years, you could have several accounts housed in different employers’ plans. While it is certainly acceptable to leave […]

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2012 Year-end Tax Planning—Opportunity or Nightmare?

Year-end tax strategies for 2012 are complicated due to the ongoing uncertainty around the “fiscal cliff.” However, one fact is definite: An effective tax plan is specific to a taxpayer’s individual situation. Without the extension of the Bush tax cuts, one can be sure that tax rates will increase in 2013. Being armed with knowledge is the best defense in the present environment of uncertainty, and year-end tax planning need not be one’s worst nightmare.

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Investment Income Surtax for High Earners Is on the Way

Consider shifting fixed-income investments to tax-exempt municipal bonds, since income from munis is not considered net investment income for surtax purposes.                             As part of the Patient Protection and Affordable Care Act, a 3.8% surtax on investment income is scheduled to go […]

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Retirement Planning: Three Steps Can Pay Off

An employer-sponsored retirement plan and an IRA can help to build retirement savings. When planning for retirement, certain external factors, such as stock market returns or the rate of inflation, are beyond the control of investors. But there are issues that preretirees can control that may be helpful in building retirement assets. According to academics […]

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Tax Tips for 2012

  It is important to monitor developments in Washington to make sure you understand how tax legislation could affect your situation. When reviewing the impact of taxes on your investments, it is important to understand that many items currently in the federal tax code are scheduled to expire after December 31, 2012. Although future actions […]

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Rollover IRAs Offer a Wide Range of Benefits

IRA assets can generally be divided among multiple beneficiaries in an estate plan. photo credit: n.karim As compared with employer-sponsored retirement accounts, a rollover IRA can provide you with the broadest range of investment choices and the greatest flexibility for distribution planning. Also, a rollover IRA can typically be operated with fewer restrictions. This brief […]

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Getting Ready for Tax Season: Changes for 2012

photo credit: 401kcalculator.org The 2012 standard deduction increases to $11,900 for married couples filing a joint return, $5,950 for singles and married individuals filing separately, and $8,700 for heads of household. Although most Americans will not have to worry about 2012 taxes until early 2013 when 2012 tax returns are due, self-employed individuals or anyone […]

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